H.R.3110 - Financial Stability Oversight Council Insurance Member Continuity Act115th Congress (2017-2018) |
|Sponsor:||Rep. Hultgren, Randy [R-IL-14] (Introduced 06/29/2017)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 115-293|
|Latest Action:||09/27/2017 Became Public Law No: 115-61. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Text: H.R.3110 — 115th Congress (2017-2018)All Information (Except Text)
|H. R. 3110|
AT THE FIRST SESSION
Begun and held at the City of Washington on Tuesday,
the third day of January, two thousand and seventeen
To amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Financial Stability Oversight Council Insurance Member Continuity Act”.
Section 111(c) of the Financial Stability Act of 2010 (12 U.S.C. 5321(c)) is amended by adding at the end the following:
“(4) TERM OF INDEPENDENT MEMBER.—Notwithstanding paragraph (1), if a successor to the independent member of the Council serving under subsection (b)(1)(J) is not appointed and confirmed by the end of the term of service of such member, such member may continue to serve until the earlier of—
“(A) 18 months after the date on which the term of service ends; or
“(B) the date on which a successor to such member is appointed and confirmed.”.